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ChartCinema
May 8, 2020 6:54 PM

ETHEREUM/BTC 😃 Opportunity 👍 Long

Ethereum / BitcoinBinance

Description

💡 Ethereum is the "safer" altcoin to diversify into if you want to compound your Bitcoin (without needing to trade on leverage)!

  • Multiple Higher Lows on the daily timeframe shows Demand is eager to buy Supply at higher prices from previous bottoms.
  • Price is testing its 200 Daily Moving Average, which is sloping up!
  • RSI is oversold.
  • MACD histogram is starting to converge...


🚨 Stop Loss below previous daily candlestick wick 0.0209-ish
Risk to Reward 1:5

Comment

Well, if you got stopped out...😠 but re-entered when ETH made it back above its 200 Day Moving Average... 😲 it wouldn't hurt tot take profits now since the profit target hit at Resistance and RSI is Overbought. 😅 (16% extra Bitcoin... can't complain.)

Comments
SUPERBVD
Good one here!
ChartCinema
@SUPERBVD, I got stopped out... but had I re-entered this trade. I would take profits now. 😅
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